Report: Nearly 70% of Indian salaried employees lack emergency financial readiness
A Finsafe study reveals that 69% of salaried professionals in India are not adequately equipped to handle financial crises, often depending solely on company insurance or having no backup plan at all. Additionally, 55% of those surveyed admitted they would struggle to cover costs if they lost their jobs. Furthermore, 70% of participants cited saving for retirement and funding their children's education as their primary financial hurdles.
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